Cognitive adaptability’s impact on entrepreneurial intent: The mediating roles of entrepreneurial passion and efficacy

Abstract

Entrepreneurial intent is central to understanding the psychology behind starting new ventures. However, there is limited knowledge of its cognitive antecedents. We integrate insights from entrepreneurship and cognitive psychology research to illustrate the role of cognitive adaptability in predicting individuals’ likelihood of business venturing. In addition, we explain the mechanism underlying this relationship by outlining the role of entrepreneurial passion and entrepreneurial self-efficacy. We employ structural equation modeling to test our predictions. Results based on primary data from 182 respondents support our theorizing. Our findings contribute to understanding the entrepreneurial mindset. We conclude by offering future research suggestions and outlining the practical implications of our findings.